Is CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO) a VC Play?

CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO)

CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO) is a Plano, TX-based company and can best be described as a publicly listed holding company of companies that it has seeded, nurtured, and made operational. On the surface, it seems like a publicly listed venture capital firm. From the shareholder’s point of view, the company’s purpose is to develop a portfolio of highly successful and wholly owned businesses. That goal will be accomplished by identifying firms that Chron believes will benefit from their incubation, advisory, and capital resources. Like most venture capital firms, CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO) focuses on sectors that they believe they can add value. In their case they focus on smart home services, Internet of Things (IoT) platforms, deregulated energy & energy efficiency offerings, software, telecomm & wireless related segments.

In such a business model, the real value is in the strength of management. Byron Young is the Chairman and Treasurer of CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO).He has over 20 years of entrepreneurial experience, has founded several technology companies, and led them into an exit or into growth stages. He specializes in telecommunications, wireless, software, and de-regulated energy industries. Alex Rodriguez is the President and Secretary of CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO). Mr. Rodriguez has over 15 years if energy experience and over 20 years of C-level business experience in the energy, telecom, and information technology sectors.

Young and Rodriguez first bought, in December of 2015, a publicly traded restaurant company, USA Restaurant, Inc. (OTCPK:USAR). After that foray, the pair changed the branding, and ticker, from USA Restaurants to The Chron Organization Inc (CHRO). In 2016, CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO) announced the rollout of its home automation and alarm services company dba CHRON Home Services. Later in 2016, the company launches Zen Technologies, an enterprise intent on entering the “smart home” market. Lastly, CHRON acquires Enertrade Electric LLC, a Texas-based retail electric provider.

So how are the efforts of Young and Rodriguez being received by the market? YTD the S&P 500 has gained about 7%, but CHRO has gained 32% over that same time period. Currently trading at $0.034, CHRO has a 52-week low of $0.016 and a 52-week high of $0.048.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.